Chicago, IL — US and Canadian manufacturers’ sales increased for the third consecutive month in March 2010, with US manufacturers posting an increase of 5.6% and Canadian manufacturers’ sales rising by 18.5% according to sales data released by the Power Transmission Distributors Association (PTDA) in its latest Market Outlook Report.
For US manufacturers, sales comparisons between the first quarter of 2010 and 2009 still reflect sales declines. US manufacturers’ year-to-date sales are down 3.4% compared to sales at this time last year. Canadian manufacturers’ year-to-year sales rose by 7.7% for the same period.
For the third month, US manufacturers’ confidence maintained a neutral position of 5.0 on a scale of 1 (very pessimistic) to 10 (outstanding). Canadian manufacturers’ maintained the position of 4.8.
The Market Outlook Report is published monthly by the PTDA. The full report includes US and Canadian manufacturer data for sales and order trends for mounted bearings, unmounted bearings, standard industrial motors (US only), variable speed drives, positioning systems/linear motion products, gear products, clutches and brakes, shaft couplings and mechanical drive systems and other PT products. Details are available at www.ptda.org/store or 312-516-2100.
PTDA is an association for the industrial power transmission/motion control (PT/MC) distribution channel that represents 198 power transmission/motion control distribution firms and 187 manufacturers that supply the PT/MC industry.